India-Canada row: BLS International shares fall by 3%
BLS International shares: The ban on visa services had raised worries that the new move was linked to the recent escalation in the Canada-India diplomatic row.
BLS International shares dropped over 3 percent in Thursday’s trade after the firm said due to operational bases, Indian visa services in Canada are stopped till further notice.
The firm, which offers visa, passport, consular, e-governance, attestation, biometric, e-visa, and retail assistance, said the result of the development would be minor on its financials as the Canada visa issuance accounts for less than 2 percent of its entire annual earnings.
On its Canada website, the firm said: “Important notice from Indian Mission: Due to operational reasons, with effect from 21 September 2023, Indian visa services have been suspended till further notice. Please keep checking the BLS website for further updates.”
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The ban on visa services raised worries that the new move was linked to the recent escalation in the Canada-India diplomatic row.
Canadian PM Justin Trudeau recently told the involvement of the government of India in the murder of a Khalistani separatist based in Canada based on ‘credible allegations’ and even asked an Indian diplomat to flee the nation.
India, in its answer, denied the ‘unsubstantiated’ allegations and, in a tit-for-tat action, it requested a senior Canada diplomat to quit India within five days.
